Schneider (SNDR) Q1 Earnings & Revenues Lag, '19 EPS View Cut
Zacks Investment Research | May 05, 2019 11:38PM ET
Schneider National, Inc.’s (NYSE:SNDR) first-quarter 2019 earnings of 21 cents per share lagged the Zacks Consensus Estimate of 31 cents and also decreased 22.2% year over year. Results were hampered by a decline in Truckload revenues. Although operating revenues increased 4.8% to $1.19 billion, the same fell short of the Zacks Consensus Estimate of $1.24 billion. Revenues (excluding fuel surcharge) improved 6% to $1.08 billion.
Meanwhile, income from operations (on a reported basis) plunged 24% to $51.5 million in the first quarter. Also, adjusted operating ratio deteriorated 180 basis points to 95.2%.
Segmental Highlights
Truckload revenues (excluding fuel surcharge) slid 3% to $531.8 million. Revenue per truck per week for the segment slipped 2%. This downside was due to lower volume and asset utilization.Dedicated standard revenue per truck per week dipped slightly on a year-over-year basis.
Income from operations at the segment tumbled 50% due to lower volumes, reduction in productivity and higher variable costs. Operating ratio deteriorated 320 basis points to 95.6% in the first quarter of 2019.
Intermodal revenues (excluding fuel surcharge) rose 18% to $237.6 million on 3% growth in orders and a 13% rise in revenue per order. This improvement in revenue per order was primarily owing to carryover of rate renewals and an extended length of haul. In a bid to meet the surge in intermodal orders, the company increased its containers and trucks by 2.1% and 16.4%, respectively, on a year-over-year basis.
Schneider National, Inc. Price, Consensus and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.